Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 29.9% | 30% | 23.5% | 20.4% | 22.1% | 22.7% | 20.3% |
| EBITDA margin % | 11.4% | 11.3% | 9.4% | 6.6% | 8% | 9.2% | 8.4% |
| EBIT margin % | 10.1% | 9.3% | 7.9% | 5.3% | 6.6% | 7.8% | 7% |
| PAT margin % | 8% | 6.8% | 5.4% | 3.4% | 4.2% | 4.8% | 3.2% |
| Working capital | |||||||
| Receivable days | — | — | — | 30 | 36 | 47 | 39 |
| Inventory days | — | — | — | 73 | 90 | 92 | 87 |
| Payable days | — | — | — | 15 | 20 | 19 | 26 |
| NWC days | — | — | — | 89 | 106 | 121 | 101 |
| Leverage | |||||||
| Current ratio | — | — | — | 1.7 | 1.48 | 1.41 | 1.29 |
| Debt to EBITDA | — | — | — | 1.63 | 2.02 | 2.38 | 2.2 |
| Debt to equity | — | — | — | 0.25 | 0.37 | 0.54 | 0.5 |
| Interest coverage | 11.9 | 13.2 | 9.9 | 6.5 | 5.8 | 5.5 | 4.6 |
| Asset turnover | — | — | — | 1.61 | 1.44 | 1.37 | 1.49 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 5.5% | 6.1% | 6.6% | 4.8% |
| Return on capital employed % | — | — | — | 11.5% | 14.8% | 18.1% | 17.4% |
| Return on equity % | — | — | — | 7.9% | 9.6% | 11.7% | 8.7% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.